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Tag: Bitcoin

  • Bitcoin Bulls Eye Next Big Move As Price Nears $118,000, New ATH In Sight?

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    Bitcoin is targeting the $118,000 level, reigniting bullish momentum and fueling speculation of a potential push toward a new all-time high. With buyers regaining control after recent volatility, this breakout could open the path toward $120,000 and beyond.

    Pullback Seen As Final Shakeout Before Rally

    Crypto VIP Signal, in a recent update, pointed out that Bitcoin experienced a sharp pullback yesterday after news of a rate cut, coupled with remarks from Jerome Powell, triggered a wave of volatility. The decline caught the attention of traders across the market, but the expert’s analysis suggests that this movement is more likely a final shakeout rather than the start of a broader correction. 

    Interestingly, despite the pullback, Bitcoin has quickly shown signs of resilience. This recovery suggests that the underlying demand for BTC remains intact, and market participants are still confident about its bullish trajectory. 

    Crypto VIP Signal emphasized that the most critical level to watch in the short term is $118,000. A successful breakout above this resistance would serve as a strong bullish confirmation, potentially accelerating the rally toward $120,000. If achieved, this would not only mark another key milestone but also signal that Bitcoin remains firmly within a bullish cycle, raising the likelihood of a new all-time high on the horizon. 

    Bitcoin Bollinger Bands Signal Possible Path To $120,000

    Based on the latest BTC update from EGRAG CRYPTO, the bullish outlook for Bitcoin is being reinforced by key technical indicators. The report highlights that a decisive close above the middle upper section of the Bollinger Bands (BB) could be the catalyst needed to propel the price higher. 

    Analysts often interpret this technical formation as a sign of building momentum and can spark a breakout from a period of consolidation. If Bitcoin successfully achieves this, it would pave the way for a run toward the significant $120,000 resistance level.

    The update paints a highly optimistic picture for the short term, suggesting that a new record could be within reach. According to EGRAG CRYPTO, should BTC manage to break through and sustain a price above $120,000 today, it may set a new all-time high. Basically, this milestone might trigger a fresh wave of investor excitement and market liquidity as the price moves into uncharted territory.

    Despite the strong bullish sentiment, the analysis includes a critical warning for traders. The $117,300 mark is identified as a crucial level to watch. If the price encounters a strong rejection at this point, it could trigger a temporary reversal to the $113,300 support level.

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    Godspower Owie

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  • The Fed Just Changed Everything For Crypto, Says Top Trader

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    The Federal Reserve’s first rate cut of 2025 has landed—25 basis points on September 17—and, in Trader Mayne’s telling, that removes the last macro “X-factor” hanging over the crypto market. In a video analysis posted the same day, the veteran price-action trader argued that with the policy move now in the rear-view mirror, crypto can “just focus on the charts,” sketching a roadmap in which Bitcoin posts one more leg higher into new all-time highs before a pullback ushers in a classic altseason blow-off. “We had FOMC today and the rates got cut finally… It’s 25 basis points,” he said. “Now the market’s going to digest it.”

    Where Is Bitcoin Price Going Next?

    The policy backdrop he’s reacting to is straightforward: the FOMC lowered the fed funds target range by a quarter point to 4.00%–4.25% on Sept. 17, with Chair Jerome Powell describing the move as a risk-management response to weakening labor dynamics and leaving the door open to additional easing this year. The decision drew an 11–1 vote, with newly appointed Governor Stephen Miran dissenting in favor of a larger, 50 bps cut—an unusually hawkish dissent in a dovish direction—while the Board’s implementation note reset key administered rates effective Sept. 18. Markets read the statement and projections as signaling scope for further cuts into year-end.

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    From here, Mayne’s framework is unapologetically technical. He characterizes Bitcoin’s most recent upswing as corrective relative to the prior impulse and expects price to “push above the mid-range” toward a range high around $120,000–$121,000, where he will watch for rejection at a higher-time-frame confluence defined by a weekly swing-failure pattern (SFP) and an H12 breaker.

    If momentum stalls there, he plans to short into a washout to clear out built-up leverage—“HYPE made another all-time high today. PUMP has tripled in the last two weeks… there’s some leverage in the system”—and then buy the dip for what he calls the last parabolic leg of the cycle. “Any sort of dip on BTC, I want to be looking for a long,” he said, adding that a shallow retest in the $110,000–$111,000 area or a deeper sweep of recent lows would both be acceptable springboards if the rebound is decisive.

    If, instead, price grinds through the $120,000 s with no signs of exhaustion, Mayne says he has “no problem” flipping to breakout longs above the all-time high once strength is confirmed intraday—an approach that mirrors his playbook from prior expansions (“Once this thing broke out aggressively… you’re looking for longs”). He emphasizes sequence over prediction: the short he’s eyeing is counter-trend—“a pullback in an uptrend”—and the prime objective remains to position for the next impulsive advance.

    When Will The Crypto Market Top?

    Timing-wise, he situates the prospective cycle top in Q4 2025 or Q1 2026, describing a pattern in which Bitcoin’s final vertical leg into the $150,000 to $180,000 region is followed by distribution while altcoins reprice higher—the archetypal altseason.

    Bitcoin price prediction
    Bitcoin price prediction | Source: YouTube @Trader Mayne

    “This parabolic leg I think would be the last leg of the bull run,” he said, before outlining notional alt targets consistent with a late-cycle melt-up: Ethereum $5,000–$7,000, Solana $300–$500, Dogecoin $0.50–$0.70. The mechanics, as he narrates them: a last BTC push, a corrective wash, a V-shaped reclaim of the 2024 ATH “very quickly,” then Q4 “mania” with breadth shifting to large-cap alts as Bitcoin distributes.

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    The technical scaffolding behind that view leans on concepts familiar to discretionary price-action traders. Weekly SFPs (failed breaks of prior extremes) set the trap line at range edges; H12 breakers and order blocks frame high-probability reaction zones; and fair-value gaps guide where liquidity vacuums might fill during a corrective flush.

    On structure, he insists the weekly trend remains up, so any short is tactical and any deeper dip must resolve in a swift V-bottom and reclaim of the former highs to keep the cyclical script intact. His invalidation is equally clear: “If we spend any significant time back below [the 2024 all-time high], it’s really bad… I’m probably going to reassess my thoughts.”

    Macro, in Mayne’s view, now recedes to the background. The rate cut may have helped pull forward some September strength—“you could argue… the up move we’ve seen on Bitcoin… is in anticipation of this rate cut”—but with the decision made and Powell hinting there “could be another one… there could be two,” his emphasis is squarely on execution: wait for price to trade into the $120,000s and signal weakness for the clean counter-trend short; or, absent weakness, wait for the breakout continuation and ride it. Either way, he’s explicit about the north star for the coming weeks: “Focus on Bitcoin… Any sort of dip on BTC, I want to be looking for a long… Then altseason.”

    At press time, BTC traded at $117,176.

    Bitcoin price
    BTC eyes the 1.272 Fib extension, 1-day chart | Source: BTCUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

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    Jake Simmons

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  • Bitcoin Taps 4 Week High of $117K Ahead of Fed Rate Decision

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    Bitcoin prices have tapped $117,000 twice over the past couple of hours as the asset reached its highest level since August 23, almost four weeks ago.

    BTC gained 1.5% on the day, and almost 5% on the week, but had retreated slightly to $116,600 at the time of writing on Wednesday morning in Asia.

    The move comes on the day that the US Federal Reserve is expected to lower interest rates for the first time this year. This will lead to greater liquidity and a potential cycle of monetary easing, which has been historically bullish for riskier assets such as crypto.

    Crypto Analysts Weigh In

    Economist Alex Krüger said he was ready for the dovish cut despite markets already pricing the move in.

    “Though my market views have not changed much. I’m bullish on equities and Bitcoin. The market often forgets how much BTC can move due to recency bias.”

    Rate cuts also result in liquidity flow from less-risky assets like treasury bills to high-risk assets like stocks and crypto, observed ‘Ash Crypto.’

    “As more cuts happen, liquidity flows into Bitcoin, and altcoins will increase,” he said before adding:

    “We already have major catalysts like ETF approval, pro-crypto administration and regulatory clarity. Once liquidity starts to flow, these catalysts will be priced in, leading to a parabolic Q4 rally.”

    “The last time the FED cut rates, the market pumped very hard,” said crypto analyst Sykodelic.

    Meanwhile, BitMEX co-founder Arthur Hayes spoke about the Fed’s “third mandate,” which is now being discussed.  Advocacy for yield curve control (YCC) signals a potential shift in monetary policy, which is good for Bitcoin, he alluded.

    Weakening the Greenback

    Excess liquidity also tends to weaken the US dollar as more dollars chase fewer goods and assets. Bitcoin, often viewed as a “digital gold” or hedge against inflation, historically benefits from a weaker dollar.

    The dollar index (DXY), which measures USD against a basket of currencies, has already weakened 12% so far this year.

    Speaking on CNBC on Monday, Fundstrat’s Tom Lee said the Fed “can actually reinject confidence by saying we’re back into an easing cycle,” before adding that a rate cut will be a “real improvement in liquidity.”

    He predicted that Bitcoin and Ethereum would make a “monster move” in the last three months of this year.

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    Martin Young

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  • 28% of Bitcoin Supply Could Be Locked Up by End of 2025: Fidelity 

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    “With 95% of total supply soon to be in circulation, the market may be shifting from an era of abundance to one defined by scarcity,” wrote Fidelity Digital Assets researcher Zack Wainwright in a report released on Monday.

    The report identified two cohorts that defined the threshold of illiquid supply. These were entities with Bitcoin that last moved seven or more years ago, and public companies holding at least 1,000 BTC.

    “We estimate that this combined group will hold over six million Bitcoin by the end of 2025 — or over 28% of the 21 million Bitcoin that will ever exist.”

    Illiquid Supply Growing

    Public companies currently hold more than 830,000 BTC, or 4% of the circulating supply, with 97% concentrated among companies holding more than 1,000 units. That number could be even higher, as BitcoinTreasuries reports that over 1.3 million BTC is held by public and private companies.

    When combining the supply of long-term holders with public company holdings, one can see an accelerating trend of holding Bitcoin versus trading or transacting, the researcher noted. He added that the rise in BTC adoption among public company treasuries has driven an uptick in illiquid supply since Q3 2024.

    The report predicted that nearly 42% of the current circulating supply, or over 8.3 million BTC, will be considered illiquid by 2032. The researcher concluded that over time, the scarcity of Bitcoin may become the focal point as more entities buy and hold the asset long term.

    “If nation-state adoption increases and the regulatory environment surrounding Bitcoin continues to evolve, the growth of the illiquid supply could be even more dramatic.”

    Although the report did not mention it, the same is likely to be happening with Ethereum, as digital asset treasuries have scooped up more than 4% of the entire supply in just a few months. Since Ether ETFs launched last year, they have hoovered up more than 5.5% of the total supply.

    BTC Price Outlook

    Bitcoin has been in the red over the past day, falling back from a Monday high of $116,700 to just over $115,000 during the Tuesday morning Asian trading session.

    The asset has been consolidating for almost a week and remains 7.2% down from its all-time high, so there has yet to be a major correction that was largely expected this month.

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    Martin Young

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  • Bitcoin Consolidates Above $115K As Market Eyes Fed’s Sept 17 Policy Move

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    Bitcoin has gained 7% since the start of September, showing renewed strength after weeks of uneven price action. Yet, the market is bracing for heightened volatility in the coming days as attention shifts to this Wednesday’s Federal Reserve meeting. Investors widely expect a rate cut, but the size of the move remains the key question shaping sentiment.

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    If the Fed opts for a 25 basis point cut, many analysts see it as a measured and healthy pivot that could support risk assets, including Bitcoin, without sparking fears of deeper economic weakness. Such a move would likely reinforce confidence in a controlled transition toward easier monetary policy.

    On the other hand, a 50 basis point cut could send a very different signal. While it may initially provide liquidity relief, markets could interpret it as a sign of serious underlying fragility in the economy. That scenario risks triggering panic, especially if investors fear the Fed is reacting to problems worse than expected.

    Bitcoin Holds Key Levels Ahead Of Fed’s Decision

    According to top analyst Axel Adler, Bitcoin is showing signs of resilience as it trades at the upper boundary of its channel near $116,400, supported by a sustained bullish momentum score of 0.8. This score, which reflects the balance of market forces, suggests that despite recent volatility, Bitcoin’s structural strength remains intact.

    Bitcoin Structure Indicator | Source: Axel Adler

    Adler notes that the market is heavily driven by expectations of a rate cut, which has injected confidence into risk assets. The timing of this setup could not be more critical, with the Federal Reserve set to announce its interest rate decision on September 17, 2025, at 2:00 PM Eastern Time.

    Interestingly, while Bitcoin has held its ground at key resistance levels, altcoins have started to show strength independently for the first time in months. This decoupling suggests that capital rotation is taking place, with investors diversifying beyond Bitcoin. As liquidity expands, this dynamic could mark the start of a new market phase, where both Bitcoin and altcoins drive momentum instead of BTC alone.

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    Testing Key Resistance Levels

    Bitcoin is currently trading around $114,938, showing consolidation just below the $116,000 resistance zone. The chart highlights a notable rebound from early September lows near $110,000, with BTC climbing steadily back into its mid-range. Price is now attempting to hold gains above the 50-day moving average (blue line) and is hovering around the 100-day (green line) and 200-day (red line) moving averages, which are converging and creating a dense resistance cluster.

    BTC consolidates around key level | Source: BTCUSDT chart on TradingView
    BTC consolidates around key level | Source: BTCUSDT chart on TradingView

    This setup reflects a tense balance between bulls and bears. Bulls have managed to protect $110,000 and push BTC higher, signaling renewed strength. On the other hand, BTC has repeatedly failed to establish momentum above $116,000, a level that must be cleared decisively to target the major resistance near $123,217, marked on the chart as the next critical upside barrier.

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    The current sideways structure suggests a drift phase, with traders waiting for catalysts such as the upcoming Fed rate decision. A successful breakout above $116,000 could reignite momentum toward $120,000 and beyond. However, failure to hold above the 50-day SMA risks a retest of $112,000 or even $110,000 support. For now, Bitcoin remains range-bound, but pressure is building for a directional move.

    Featured image from Dall-E, chart from TradingView

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    Sebastian Villafuerte

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  • Here’s How BRC-20 Tokens and Images Are Speeding Up Bitcoin Node Verification

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    In its latest report, BitMEX Research examined how BRC-20 Tokens and Ordinal images are affecting Bitcoin node verification.

    The study looked at Ordinal-related data on Bitcoin, including the transaction count and data size, to determine their impact on node operators.

    BRC-20 Tokens Strain Bitcoin Nodes More Than Images

    The September 8 report revealed that BRC-20 tokens create more problems for some Bitcoin node runners than Ordinal images. Notably, the former make up 92.5 million transactions while the latter account for only 2.7 million, yet both use about 30GB of storage. However, BRC-20 transactions put greater strain on nodes, while larger image-based Ordinals have little to no effect on performance.

    BitMEX explained that large Ordinal images are easier for nodes to handle than regular transactions since they are stored in a non-executed part of the Taproot witness, and do not require signature checks. This makes them less demanding to verify and sometimes even helpful for scaling because they take up blockspace without adding to the UTXO set.

    On the other hand, BRC-20 transactions function more like regular Bitcoin activity. Despite being smaller in size, they have expanded the UTXO set, growing from 84 million to 169 million between December 2022 and September 2025. This increase is creating challenges for node runners, especially those operating pruned ones. Data shows that such transactions have paid higher fees for blockspace, contributing more than 5,000 BTC since the protocol was introduced.

    Tests Show Larger Ordinals May Speed Verification

    BitMEX ran several tests for nearly three years to measure how quickly nodes could download and verify blocks with different levels of Ordinal-related data. The results suggest that large amounts of “arbitrary data” can actually speed up blockchain verification, with around 11% of the differences in speeds being due to larger inscriptions.

    However, the researchers warned that the results do not mean Ordinal images are good for Bitcoin. This is because data-heavy inscriptions use a lot of blockspace, which could push out financial transactions that are central to the network’s purpose.

    Elsewhere, a separate study by Glassnode found that Ordinals and BRC-20 tokens are not displacing regular Bitcoin transactions. The firm’s lead analyst explained that they are instead bringing more value, fees, and data into each block.

    Additionally, BitMex emphasized that the findings are not conclusive because factors like internet speed and hardware differences can influence performance. They also encouraged further testing, noting that any small efficiency gains for nodes must be weighed against the broader costs to the Bitcoin network.

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    Wayne Jones

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  • Ethereum Outflow Signals Strength: 56,000 ETH Pulled From Exchanges

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    The steady appreciation in the Ethereum price continues to mirror how resilient the cryptocurrency has become in the market. Despite the waves of skepticism experienced in the past, there seems to have been a recent major shift in investor behavior, which shows a level of optimism in the potential growth of the Ether token. 

    Ethereum Netflow Across Exchanges Consistently Negative

    In a September 13 post on social media platform X, on-chain analyst Darkfost revealed how Ethereum’s investors have been acting behind the scenes over the past few months.

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    According to Darkfost, there has been a major shift in investor behavior since Ethereum’s last price drop from $4,000 to $1,500. At the time, the prevailing investor mood was fear, uncertainty, and doubt (FUD) — emotions which did not play so much of a role in affecting the long-term activity of investors.

    Darkfost reported that the netflow across all exchanges has been “consistently negative” since the major Ethereum price drop; this means that more ETH is leaving exchanges than they are being deposited.

    Source: @Darkfost_Coc on X

    According to the on-chain analyst, around 56,000 ETH is being withdrawn daily over an average of 30 days. Interestingly, this figure has not been seen since the depths of the last bear market. 

    Recently, there have been days when more than 400,000 ETH were withdrawn. What is more interesting is that the exchange netflows have not turned positive since July.

    As earlier inferred, this trend of token movement represents a shift in the holding behavior of Ethereum investors, as they move their assets off trading platforms to non-custodial wallets for long-term storage. Ultimately, this suggests that holders are becoming increasingly confident in the ETH’s long-term promise.

    As of this writing, the Ether token is valued at around $4,660, reflecting no significant price change in the past 24 hours. According to data from CoinGecko, the price of Ethereum has increased by almost 10% in the past seven days.

    BTC And ETH Reserves Drop 23% And 20% Respectively 

    In a separate post, Darkfost analyzed the Bitcoin and Ethereum Exchange Reserve metrics across all exchanges and estimated how much of these cryptocurrencies have left exchanges in 2025.

    According to the online pundit, Bitcoin reserves across all exchanges have dropped by almost a quarter of their total holdings since the year’s beginning.  The BTC exchange reserves have dipped by 23% to about 2.47 million BTC from 3.05 million BTC as of January 1, 2025.

    Ethereum
    Source: @Darkfost_Coc on X

    Related Reading

    Ethereum exchange reserves, on the other hand, did not immediately start to decline until the month of May. As mentioned in the earlier post, ETH supply on exchanges began to fall following a reversal triggered by its fall to below $1,500. Over the last four months, Ethereum reserves have fallen to 17.1 million from 20.6 million, representing a 20% decline.

    A significant decline in exchange reserves is often interpreted as a sign of accumulation among investors. This trend could be a bullish catalyst for the two largest cryptocurrencies, especially Ethereum, considering that the coin movement started more recently.

    Ethereum
    The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView

    Featured image from iStock, chart from TradingView

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    Opeyemi Sule

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  • Bitcoin Flips Key Support, Bulls Now Target $117,000

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    Bitcoin (BTC) has reached a critical turning point, successfully flipping a key horizontal support zone that previously acted as resistance. With momentum now building, the focus has shifted to the next major test: the $117,000 resistance level. A decisive move above this threshold would not only confirm the continuation of the current rally but also set the stage for a potential run toward new highs.

    Daily Support Flip Confirms Bullish Control

    Alpha Crypto Signal, in a recent market update, pointed out that BTC is showing renewed strength on the daily timeframe. The leading cryptocurrency successfully flipped a key horizontal zone into support, a move that highlights growing buyer dominance in the market. This structural shift is seen as a positive development for bulls, laying the groundwork for further upside momentum.

    With buyers firmly in control, Bitcoin’s price action is now being driven higher toward the previous swing high near $117,000. This level has emerged as the next significant hurdle for bulls, acting as a critical area where market sentiment could either extend the rally or spark profit-taking. 

    The analysis further noted that if Bitcoin manages to push above $117,000, the level itself could turn into an attractive area for potential short setups. However, such a strategy carries risks, as the invalidation point would be a decisive breakout above BTC’s all-time high. 

    Until then, $117,000 stands out as the key level of interest for market participants. How Bitcoin reacts in this zone will determine whether it consolidates, faces rejection, or surges higher. For traders, this level offers a critical point to evaluate possible entries, exits, and positioning as the next major move takes shape.

    Bitcoin Struggles To Secure A Hold Above $116,000

    According to a recent post by Crypto VIP Signal, Bitcoin is continuing its upward trajectory. However, the cryptocurrency has not yet been able to firmly hold above the $116,000 level, which suggests that while the overall trend is bullish, buyers have yet to fully overcome this significant hurdle.

    Crypto VIP Signal’s analysis notes that the entire market is looking positive, but a temporary slowdown can be expected. This is primarily attributed to a decline in trading volume, which is a common occurrence on weekends as activity from institutional traders and large investors often lessens.

    Given these conditions, Crypto VIP Signal predicts that Bitcoin will likely experience a period of sideways movement. The consolidation phase would allow the market to digest recent gains and build the necessary momentum to attempt another push past the $116,000 resistance.

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    Godspower Owie

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  • Bitcoin Bears Shaken—Analyst Says Local Bottom 90% Likely Set

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    Bitcoin’s current rebound off the $107,200 low has sparked renewed debate over whether the market has already set its local bottom and is positioned to rally higher.. Independent analyst Astronomer (@astronomer_zero) argues that the probability is “90%+” that the low has been planted, citing both price structure and his recurring “FOMC reversal confluence” framework as confirmation.

    Analyst Claims 90% Chance The Bitcoin Bottom Is In

    Astronomer, who publicly documented his short-term bearish call from $123,000 down to the $110,000–$111,000 zone, revealed that he flipped long as the target was reached in late August. “Alright, as if the confluences of my confidence in the bottom being in the $110k area at the end of August weren’t strong enough … there now is another confluence lining up,” he wrote. According to him, the Federal Reserve’s policy meeting cycle has historically functioned as a turning point for Bitcoin trends.

    Related Reading

    He explained: “The FOMC meeting data reverses the ongoing trend at minimum 0 bars (on the date), or 6 bars at most before the date, and it has done that correctly 90%+ of the times. The few times it hasn’t, was because our quarterly long took over (which has more power).” In practice, Astronomer argues, markets front-run the event, as insiders and well-capitalized players set the post-FOMC direction before retail sentiment digests the outcome.

    With the next FOMC scheduled for September 18, he contends the downtrend from $123,000 to $110,000 already exhausted itself ahead of schedule. “Now with FOMC coming up … the low is likely already planted, and the trend reversed to up again,” he said.

    Bitcoin price analysis
    Bitcoin price analysis | Source: X @astronomer_zero

    The analyst contrasted his methodology with the broader crypto commentary ecosystem, where many influencers continue to forecast further downside and a “red September.” He called such views “utter nonsense” rooted in surface-level seasonality. “Every time it does work, it plants its bottom before the actual meeting to front run the anticipation … insiders already have set the post FOMC price direction, regardless of the outcome,” he wrote, stressing that relying on generic “be careful” warnings ahead of central bank events misses the structural shift.

    Related Reading

    After his long entry at $110,000, Bitcoin has since climbed above $115,000, prompting Astronomer to declare September’s bearish thesis already invalid. “ September will close green. Yup, Septembears officially 6% in the wrong now. As September opened at 108,299, and price is now at 115,000. That puts September in the upper historical quartile of how green it is at the moment,” he noted.

    He further pointed to the last two years as evidence that September’s reputation as a seasonally weak month for Bitcoin has lost statistical edge. “A certain month indeed doesn’t have to be green. ‘Seasonality’ is just a cookie cutter version of properly using cycles. Look at last two years, September has also been green and mean to the bears,” he wrote.

    For Astronomer, the conclusion is clear: “When many confluences point in the same direction, it usually means you have solved the rubik’s cube correctly and so can confidently believe.” Still, he tempered the conviction with risk management discipline, stating: “Of course, I could always be wrong, although it has been a long time we lost a trade, never go all in. Take a decent size risk and sleep sound.”

    With Bitcoin holding above $115,000 and the FOMC meeting days away, the market’s near-term verdict on whether a sustainable bottom has formed may arrive sooner rather than later.

    Bitcoin price
    BTC reclaims $115,000, 1-day chart | Source: BTCUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

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    Jake Simmons

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  • Solana Treasury Player SOL Strategies Goes Public On Nasdaq

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    They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

    Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

    Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!

    So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

    Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

    Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

    Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

    Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.

    So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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    Christian Encila

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  • Bitcoin Futures Pressure Score Hits 18%: Shorts Are Losing Momentum

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    Bitcoin is once again at a decisive moment after several days of tight consolidation around the $110K level. Bulls are making an effort to defend this critical support, while also eyeing the $113K resistance as the next key barrier. A breakout above it could provide the momentum needed for BTC to retest higher supply zones and reignite bullish sentiment. However, the market remains fragile, with volatility and fear weighing heavily on investor confidence.

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    Top analyst Axel Adler provided important context from the derivatives market. According to Adler, the Bitcoin Futures Pressure Score currently stands at 18%, which is considered low to moderate and closer to the neutral zone. This suggests that there is no overwhelming short pressure from leverage at this time. In practical terms, futures traders are not aggressively building short positions, nor are they significantly adding to long exposure.

    This balance reflects a cautious market environment where participants are waiting for a catalyst to determine direction. Until then, Bitcoin’s battle between $110K support and $113K resistance will remain the focal point, setting the stage for the next major move in either direction.

    Bitcoin Futures In Neutral Mode

    According to Adler, the current state of the futures market paints a picture of caution rather than conviction. With the Pressure Score at 18%, the indicator suggests a neutral environment where traders are neither aggressively building long positions nor stacking shorts. Adler explains that this lack of strong directional signals reflects an indecisive market, where participants are waiting for external catalysts before committing capital.

    Bitcoin Open Interest Pressure Score | Source: Axel Adler

    The Pressure Score becomes particularly important in identifying potential downside risks. Adler notes that when the metric rises toward the 30–40% range, it indicates that shorts are being built up at an accelerated pace. In such cases, open interest increases faster than usual, creating conditions that often lead to sudden price dumps. For now, Bitcoin is not in that danger zone, but the market remains highly sensitive to shifts in sentiment.

    What adds to the current uncertainty is the weakening US labor market, which has fueled speculation about the Federal Reserve’s next policy moves. Any surprise in economic data or Fed guidance could easily tip the balance, triggering volatility across crypto markets. As investors digest these signals, Bitcoin is expected to trade with increased choppiness in the coming days, with bulls and bears closely monitoring the $110K–$113K range as the decisive battleground.

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    Technical Insights: Trading Between Key Levels

    Bitcoin is currently trading around $112,196, showing a modest recovery after testing lows near $110,000. The chart highlights a consolidation phase, with BTC holding above the 100-day simple moving average (SMA) at $112,102, while the 50-day SMA sits higher at $114,650, acting as immediate resistance. A decisive close above this level could open the path for Bitcoin to retest $116,000 and potentially challenge the major resistance at $123,217, marked by the summer peak.

    BTC consolidates below $113K | Source: BTCUSDT Chart on TradingView
    BTC consolidates below $113K | Source: BTCUSDT Chart on TradingView

    On the downside, the 200-day SMA at $101,980 provides a strong layer of support. As long as BTC remains above this level, the broader bullish structure remains intact despite recent volatility. However, repeated failures to break above the 50-day SMA may invite further consolidation, with risks of a retest of the $108,000–$110,000 zone if selling pressure re-emerges.

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    Bulls need to reclaim $114,650 to shift momentum toward the $120K region, while bears aim to defend resistance and push the price lower. The coming days are likely to determine whether Bitcoin resumes its broader uptrend or extends its correction.

    Featured image from Dall-E, chart from TradingView

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    Sebastian Villafuerte

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  • Samson Mow Slams Bitcoin Core Devs: Contempt for Users Threatens Network Future

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    A dispute has emerged within the Bitcoin community, with Jan3 CEO Samson Mow accusing Bitcoin Core developers of treating users with disdain, and warning that such attitudes could jeopardize the network’s long-term success.

    Mow stressed that no project can succeed if its builders look down on the people they are meant to serve.

    Mow’s Indictment of Developer Conduct

    In a lengthy post published on X, the BTC advocate argued that Bitcoin’s core issue is not merely technical but deeply cultural. He asserted that a toxic attitude among some developers is poisoning the ecosystem.

    “You cannot develop software for users that you despise,” Mow stated.

    He pointed to specific behaviors to illustrate his claim, alleging that developers have been branding user nodes as “fake,” telling them “they don’t matter,” and even engaging in “DDoSing their nodes and laughing about it.”

    The Jan3 executive described this behavior as “appalling” and suggested it stems from a problematic mindset:

    “Somehow we’ve ended up with node software developers that have both a god complex and a victim mentality at the same time,” he wrote.

    According to him, the only solution to the issue is a return to professionalism and humility. He stated that anyone looking to work on Bitcoin should not make it all about themselves or take out their frustrations on other users.

    “If you are really such a talented developer, then how come you are completely incapable of convincing people that your changes are good?” Mow asked, alluding to the ongoing debate surrounding the decision to remove the longstanding 80-byte limit on OP_RETURN outputs, which has seemingly divided the community.

    His sentiment found support from others, with developer ‘Uncle Rockstar’ pointing out that it was “easy for developers to fall into the trap of thinking that technical proficiency equals intellectual superiority.”

    However, not everyone agrees with this characterization. Earlier, BTCAzores co-founder Antoine Poinsot stated that Bitcoin is money and that protocol developers cannot force anyone to use it one way or the other.  Meanwhile, security expert Jameson Lopp offered a more pragmatic view, suggesting programmers may simply be “building for a different set of users” and that the “free market tends to sort these things out.”

    The Technical Catalyst

    Initially, the 80-byte OP_RETURN cap was implemented as a “gentle signal” to discourage excessive non-financial data from being embedded on the blockchain. However, some developers now say the limit is obsolete because miners have found ways to bypass it, even though they are complex and inefficient.

    According to them, removing it will promote cleaner data storage and uphold network neutrality. Some, like Gregory Sanders, have asserted that “this is not endorsing non-financial data usage, but accepting that as a censorship-resistant system, Bitcoin can and will be used for use cases not everyone agrees on.”

    Still, their justification has failed to placate critics. One of them, Bitcoin Knots maintainer Luke Dashjr, called the removal “utter insanity,” a sentiment also echoed by Mow and others who fear it will lead to network spam and a departure from the blockchain’s main function as peer-to-peer electronic cash. This change has become the battleground for a much larger war over the soul and future direction of the Bitcoin network.

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  • Crypto At Risk — JPMorgan Warns Fed Cut Could Spark Crash

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    JPMorgan’s US trading desk is cautioning clients that a widely expected Federal Reserve rate cut on September 17 could mark a near-term peak for risk assets rather than a new leg higher—an outcome that would not spare crypto.

    In a note flagged by desk head Andrew Tyler, the bank writes: “We have concerns that the September 17 Fed meeting which delivers a 25bp cut could turn into a ‘Sell the News’ event as investors pullback to consider macro data, Fed’s reaction function, potentially stretched positioning, a weaker corporate buyback bid, and waning participation from the Retail investor.”

    The timing matters. The Fed’s next policy meeting runs September 16–17, with a statement and press conference scheduled for Wednesday, September 17. That calendar alone has become a catalyst as traders position around both the size of the cut and the tone of the guidance.

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    Standard Chartered, pointing to a labor market that has cooled far faster than anticipated, now expects the Fed to deliver a 50-basis-point move. “August labor market data has paved the way for a ‘catch-up’ 50 basis point rate cut at the September FOMC meeting, similar to what occurred at this time last year,” the bank said, after US nonfarm payrolls rose by just 22,000 in August and the unemployment rate ticked up to 4.3%.

    JPMorgan’s desk is not abandoning its “lower-conviction Tactical Bullish” stance, but it is urging investors to carry insurance into the event. In addition to recommending that equity investors “consider” adding or increasing gold exposure as cut expectations sap the dollar, Tyler’s team spelled out more explicit hedges for a volatility shock: “we like VIX call spreads or VXX longs as a hedge, as well as parts of Defensives.”

    The macro backdrop has indeed turned more complicated. August payrolls barely grew and prior data were revised down, while the unemployment rate rose to a near four-year high, developments that have hardened expectations for policy easing but also raised the specter of a growth scare.

    Meanwhile, gold has been screaming higher—printing successive record highs above $3,600/oz—as investors price both easier policy and broader political-economic risk. Those concurrent signals—weakening labor, stronger bullion—frame why a rate cut may not automatically equal “risk-on” for beta.

    Crypto Faces Volatility Test

    For crypto, the read-through is two-sided and highly path dependent. On one hand, the same jobs-driven repricing that has juiced gold has also supported bitcoin in recent sessions as traders lean into the idea of easier money and a softer dollar—classic tailwinds for risk assets and for store-of-value narratives alike.

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    On the other hand, a mechanical “equities down, vol up” impulse around the decision would likely transmit into crypto assets, where cross-asset de-risking and margin unwinds have historically amplified intraday swings. That tension is visible in current coverage: bitcoin has bounced back toward the $112k area alongside rate-cut bets, yet several market observers warn that a run-of-the-mill 25bp move—especially if framed as a “hawkish cut”—may fail to spark a sustained crypto rally.

    Notably, a “catch-up” 50bp cut, as Standard Chartered projects, would accelerate the compression in real yields and could weaken the dollar at the margin—conditions that have tended to support bitcoin and liquidity-sensitive altcoins when the move is not seen as recessionary triage.

    Conversely, a smaller or caveated cut could deliver precisely the “sell the news” pattern JPMorgan warns about, with equities and high-beta assets like crypto marking lower first before reassessing the glide path. History is no lodestar—post-cut outcomes have ranged from strong rallies in mid-cycle adjustments to drawdowns when cuts presaged recession—but it does argue for elevated realized volatility around the first step.

    At press time, Bitcoin traded at $112,739.

    Bitcoin price
    BTC reclaims the EMA50, 1-day chart | Source: BTCUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

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    Jake Simmons

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  • Altcoins Feel The Pinch As Crypto Market Sentiment Sours

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    The crypto market slipped into a risk-off mood over the weekend as the Crypto Fear & Greed Index fell to 44, moving from Neutral into Fear.

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    Traders Shift Toward Large Caps

    Santiment said a heavy focus on large-caps can signal more cautious behavior among traders. Based on reports, that pattern was visible on Saturday when market activity narrowed and attention tightened around the biggest tokens.

    According to data firm Santiment, traders are pulling money out of obscure altcoins and putting it back into major names like Bitcoin, Ether, and XRP.

    Bitfinex analysts added that a broader return of momentum to smaller coins may wait until more spot crypto ETFs launch later this year.

    Total crypto market cap currently at $3.82 trillion. Chart: TradingView

    Price Moves Are Mixed

    According to Coingecko, Bitcoin is down 5% over the past month while Ether has risen 9% over the same period. The wider altcoin group is under pressure, even as a few tokens show isolated strength.

    CoinMarketCap’s Altcoin Season Index stood at 56 on Sunday, a level that technically meets the threshold for Altcoin Season when comparing the top 100 altcoins versus Bitcoin over a 90-day window.

    Altcoin Season And The Shakeout

    Some traders see the current pullback as a cleansing move. Trader Rekt Fencer said, “This is the final shakeout for altcoins,” pointing to falling volumes and nervous sentiment.

    That view is echoed by other market watchers who note that lower volumes can exaggerate price swings and make smaller tokens more volatile.

    Meanwhile, traders waiting for new inflows say they are watching ETF rollouts as a potential trigger for renewed interest in lower-cap assets.

    Short-Term Risk Views And Cycle Warnings

    Market technician Daan Crypto Trades described Bitcoin’s price action as “undecisive” and warned it could sweep monthly lows to flush out late long positions.

    The analyst added that such a move should then cause some fear of it losing $100,000. Other analysts urge caution about drawing firm patterns from past cycles.

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    PlanC warned that relying on just three previous halving cycles is misleading, writing that anyone who expects Bitcoin to have to peak in Q4 this year “does not understand statistics or probability.”

    Michael van de Poppe offered a counterpoint, arguing that altcoins are “extremely undervalued” versus past cycles and that 2025 may play out very differently.

    Featured image from Meta, chart from TradingView

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    Christian Encila

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  • Santiment Highlights Top Tokens: Bitcoin, Ethereum, And Dogecoin Dominate Social Buzz

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    Conversations across the crypto space are circling back to blue-chip tokens, with Bitcoin, Ethereum, and Dogecoin taking the spotlight. Data from on-chain analytics platform Santiment shows that top market cap cryptocurrencies are dominating the surge in social chatter, with discussions ranging from institutional adoption and ETF speculation to technical barriers and ecosystem growth. Alongside them, Strategy, Tether, and MultiversX are also attracting strong attention.

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    Bitcoin And Ethereum Dominating Attention

    Despite price resistance at $112,000 throughout last week, Bitcoin is still the most closely watched cryptocurrency by analysts and investors. According to on-chain analytics platform Santiment, Bitcoin is currently dominating among crypto investors thanks to extensive discussions about its long-term role as digital gold, a monetary network, and a hedge against inflation. Conversations focus heavily on its scarcity, institutional demand, and the importance of self-custody. Traders are also discussing Bitcoin’s liquidity in flash crypto offers that allow instant trading and spending across multiple platforms. 

    Ethereum is trending, with mentions also tied to its role in flash tokens and its utility across wallets and decentralized platforms. ETH discussions are based on its transferability and use in trading, staking, and gaming, while institutions continue to accumulate large volumes. However, the Ethereum price is also facing technical struggles in breaking above $4,500, having been rejected at $4,480 multiple times in the past seven days.

    BTCUSD currently trading at $111,170. Chart: TradingView

    Strategy And Dogecoin Also Generate Social Buzz

    Strategy’s and its MicroStrategy ($MSTR) stock are also hot topics due to the company’s massive Bitcoin reserves and its reputation as a leveraged proxy for BTC exposure. Particularly, market chatter has picked up around its potential inclusion in the S&P 500, which could cause institutional buying and fund inflows. At the same time, discussions show that investors are debating whether MSTR shares or Bitcoin ETFs provide better exposure.

    Unsurprisingly, the word “Dogecoin” is in the limelight due to multiple developments last week. Most of Dogecoin’s mentions are based on the upcoming Rex-Osprey Dogecoin ETF, which could become a historic first for Dogecoin ETFs in the US financial market. Furthermore, Trump-backed company Thumzup is expanding Dogecoin mining operations by adding 3,500 rigs. Despite choppy price action last week, Dogecoin managed to close above $0.21.

    Tether ($USDT) also saw huge mentions last week after the company announced deeper investments into gold, with its reserves now exceeding $8.7 billion. The company aims to expand into mining, refining, and trading, with its CEO calling gold a natural bitcoin. Additionally, new token listings related to Tether are appearing on platforms like BitMart.

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    MultiversX ($EGLD), meanwhile, is facing a different kind of attention. Social discussions highlight concerns about dilution of its supply and the migration of projects to other chains like SUI, raising doubts about long-term use cases. However, there’s optimism on projects such as xPortal and xMoney, with hopes that buyback mechanisms and upcoming launches could bolster value. 

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • On-Chain Data Reveals Critical Support Levels For Bitcoin Price — Details

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    The Bitcoin price has managed to stay above $110,000 over the weekend, and on-chain data shows that the premier cryptocurrency sits above three crucial support levels. Here are the critical levels to watch out for over the next few weeks.

    Where Are The Next Support Levels For BTC?

    On Saturday, September 6, prominent crypto analyst Ali Martinez took to the social media platform X to offer on-chain insights into the current layout of the Bitcoin price. This price evaluation, which revolves around the BTC UTXO Realized Price Distribution (URPD) metric, shows the next support levels for Bitcoin.

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    The capacity for a price level to act as an on-chain support or resistance zone usually depends on the number of investors who have their cost basis at the given level. An investor’s cost basis refers to the actual price at which they purchased a cryptocurrency (Bitcoin, in this case).

    The relevant indicator here—UTXO Realized Price Distribution—tracks the amount of a particular cryptocurrency that was acquired at a specific price level. Typically, price levels below the current spot value with substantial buying activity are often considered as major support zones. Meanwhile, levels above the current price with significant investor cost bases usually act as major resistance areas.

    Source: @ali_charts on X

    As shown in the chart above, $108,250, $104,250, and $97,050 are the next crucial support levels for the Bitcoin price. Data from Glassnode shows that nearly 432,000 coins were bought in the $108,250 zone, while roughly 401,000 coins were purchased around the $104,250 region. Meanwhile, 404,000 BTC were acquired around the $97,054 area.

    The rationale behind this is that investors with a cost basis around these price levels are likely to double down on their positions and purchase more coins. This increased buying activity will, hence, provide a cushion for the Bitcoin price to stay afloat and potentially bounce back.

    It’s worth mentioning that the next major resistance level for the Bitcoin price based on the URPD metric is around $116,963. Several investors (550,000 coins) around this level are likely to close their positions when the price returns to its cost basis, thereby putting downward pressure on the BTC price.

    Bitcoin Price At A Glance

    As of this writing, the price of BTC stands at around $110,628, reflecting no significant movement in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is up by more than 1% in the past seven days.

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    Bitcoin price
    The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

    Featured image from iStock, chart from TradingView

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    Opeyemi Sule

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  • Why $50 XRP By December 2025 Isn’t ‘Hopium’ If ETFs Get Greenlight: Analyst

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    XRP’s price outlook is in focus as the US Securities and Exchange Commission lines up decisions on multiple spot ETF applications in late October 2025. Analysts say the outcome of that cluster could decide whether billions of dollars in institutional funds flow into the token before year-end.

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    Filings Point To October Decision

    Reports show that six issuers have active S-1 filings or amendments waiting for review. The list includes Bitwise, WisdomTree, 21Shares, Canary Capital, CoinShares, and Franklin Templeton.

    The timing of these filings, following the SEC’s dismissal of its case against Ripple, has raised expectations that issuers are preparing for a launch window tied to October’s calendar.

    Demand Shock Could Stress Supply

    Industry insiders project that more than $5 billion could enter through spot ETFs in the first month alone. Estimates run as high as $10–18 billion by the end of 2025 if approvals are granted and appetite is strong.

    XRP market cap currently at $169 billion. Chart: TradingView

    XRP’s effective supply is limited, with about 35 billion tokens still locked in escrow and much of the circulating amount held by exchanges and large investors. This thin float means a sudden demand wave could trigger sharp price swings.

    Analyst Upbeat About A $50 Target

    Veteran Bitcoin investor Pumpius has tied these supply and demand pressures to a bold forecast. He believes that if ETFs launch in the fourth quarter and inflows reach $10–18 billion, XRP could climb to $50 by December 2025 — and it is not “hopium“.

    From today’s price of $2.80, that would be a 1,680% rise, lifting market capitalization from $168 billion to about $3 trillion.

    Pumpius says the setup mirrors Bitcoin and Ethereum before their ETF approvals, pointing to the recent launch of XRP futures on CME and Coinbase Derivatives as proof that institutional infrastructure is already in place.

    Skepticism Over The Timeline

    Many market participants have pushed back against the forecast, arguing that the timeline is too short for XRP to grow that much.

    Critics on social platforms point out the difficulty of scaling from a $168 billion market to $3 trillion in just over a year. Some also question whether early ETF inflows will meet the higher-end projections cited by Pumpius.

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    What Approval Would Mean

    Should the SEC approve the filings in October, ETFs could channel regulated exposure for pensions, wealth managers, RIAs, and corporate treasuries.

    That would test XRP’s liquidity, potentially forcing larger holders to adjust positions as new demand arrives. If the applications are denied, expectations for a breakout rally would likely be pushed further out.

    For now, XRP continues to trade at $2.84. With the SEC’s October cluster approaching, traders are weighing whether the path to $50 is a realistic outcome or just a bold scenario tied to one investor’s high-stakes call.

    Featured image from Meta, chart from TradingView

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    Christian Encila

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  • Bitcoin Holds Key Support Amid Gravestone Doji – $120,000 Hangs In Balance

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    In his latest daily technical outlook, Cryptowzrd highlighted that Bitcoin closed the day with a gravestone doji, while holding above a critical level. According to the analysis, more bullish candles are needed to sustain momentum and push the price toward the $120,000 resistance, especially as the market contends with ongoing fundamental pressures.

    Fundamentals Support Bitcoin Despite Weak NFP Print

    Cryptowzrd highlighted that the daily candle of Bitcoin closed indecisively, signaling uncertainty as the market evaluates its next move. Despite this indecision, BTC remains above the crucial $110,500 level, which continues to serve as a strong support zone. This level remains critical in determining whether bullish momentum can be sustained in the short term.

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    The analyst noted that Bitcoin has maintained its bullish edge even in the face of a lower-than-expected NFP print, triggered by fundamental commentary. This development suggests that broader market sentiment is still supportive of BTC, and technical strength is being reinforced by macroeconomic factors.

    From a weekly perspective, traditional markets have closed on a bullish note, adding further support to Bitcoin’s potential upside. However, a series of consecutive bullish daily candles is needed to solidify confidence in a rally toward the $120,000 resistance level. Without this confirmation, the market could remain in a holding pattern, leaving room for volatility and short-term swings.

    Source: Chart from CRYPTOWRZD on X

    On the downside, he cautioned that if Bitcoin breaks below the $110,500 level by mid-week, it could open the door for a deeper correction, potentially testing the $100,000 support zone. Such a move would shift market dynamics, increasing selling pressure and creating strategic opportunities for traders to position for short-term downside plays.

    Over the weekend, Cryptowzrd will be closely monitoring lower-time frame charts to identify actionable scalp opportunities while ensuring that the current position above $110,500 remains secure.

    Intraday Volatility Driven By NFP And Market Fundamentals

    Concluding his analysis, the analyst highlighted that the intraday chart of BTC has been volatile, influenced by recent fundamental commentary and the lower-than-expected NFP print. This volatility reflects the market’s uncertainty, as traders weigh both technical and macroeconomic factors.

    Related Reading

    He noted that a decisive move above $113,200 would signal stronger bullish momentum, potentially pushing Bitcoin higher and helping to secure the current position. Such a breakout signals that buyers are regaining control of the market.

    On the other hand, a drop below $110,400 could open the door for additional downside. For now, the analyst plans to wait patiently for the market to form a more mature trade setup before taking the next actionable position.

    Bitcoin
    BTC trading at $110,823 on the 1D chart | Source: BTCUSDT on Tradingview.com

    Featured image from Getty Images, chart from Tradingview.com

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    Godspower Owie

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  • Old Bitcoin Supply Keeps Moving Into ETFs: Data Shows Three Waves So far

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    On-chain data shows the Bitcoin spot exchange-traded funds (ETFs) have seen three waves of major inflows from the veteran hands in this cycle so far.

    Bitcoin Coin Days Destroyed Shot Up Alongside Earlier ETF Net Inflows

    As explained by CryptoQuant author Maartunn in a new post on X, Bitcoin has been observing major reshuffles related to old tokens and the spot ETFs. The spot ETFs refer to investment vehicles that trade on traditional platforms and allow investors to gain exposure to an underlying asset like BTC without having to directly own the asset.

    The BTC spot ETFs launched in the US in January 2024. Since then, the funds have generally enjoyed growth, with a few periods involving a particularly sharp burst of inflows. The main attraction of the ETFs is that investors unfamiliar with the cryptocurrency world can invest into BTC in a form that’s convenient to them.

    When a trader invests into such a vehicle, the fund buys an equivalent amount of the cryptocurrency on the client’s behalf. This reflects as an on-chain movement into the wallets associated with the ETF.

    Below is the chart shared by Maartunn that shows the trend in the 30-day Bitcoin spot ETF netflow since the start of 2024.

    As displayed in the graph, the Bitcoin spot ETF netflow has seen a few phases of extremely positive values. These naturally correspond to a high amount of demand for the ETFs.

    Interestingly, there is a pattern common among these large waves of inflows. From the chart, it’s visible that the Coin Days Destroyed (CDD) gave distribution signals alongside the netflow spikes.

    The CDD is an on-chain indicator that measures the total number of coin days that are being “destroyed” in transactions across the BTC network. A coin day is a quantity that one BTC accumulates after staying dormant on the blockchain for one day. When a token dormant for some number days is moved, its coin days counter returns back to zero. The coin days that it had previously been carrying are said to be destroyed.

    Generally, spikes in this metric correspond to activity from the diamond hands of the network. These HODLers tend to accumulate a massive amount of coin days with their patience, so when they finally break their silence, large-scale destruction of coin days takes places.

    The three major Bitcoin ETF net inflow waves of Summer 2024, Fall 2024, and Summer 2025 all accompanied a distribution signal from the CDD, which suggests a rotation of coins happened from the veteran hands to new demand coming through these vehicles.

    Since the latest such wave, the ETF netflow has calmed down to the neutral level, meaning demand has gone cold. “ETF inflows are key,” notes Maartunn. “Without strong new demand, selling pressure from new holders could increase.”

    BTC Price

    At the time of writing, Bitcoin is trading around $110,500, up 2% over the past week.

    Bitcoin Price Chart

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    Keshav Verma

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  • Bitcoin Market Base Turns Neutral-Bearish As Flows Stay Weak

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    Bitcoin is entering a fragile stage after days of selling pressure and uncertainty pushed the price into consolidation around the $110,000 level. Bulls are working to defend this key area, but momentum has clearly faded. The market now finds itself in a holding pattern, with investors cautious about whether Bitcoin will stabilize or break lower in the sessions ahead.

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    Despite the weakness, there are no clear signals yet of a deeper correction. Historically, retracements within ongoing bull markets often serve as resets rather than trend reversals, but the pressure on Bitcoin has nonetheless sparked debate about its short-term direction. Holding above current levels is becoming increasingly important, as failure to do so could shift sentiment further in favor of the bears.

    Top analyst Axel Adler described the current environment as a neutral-bearish base, meaning flows and price action lack the conviction needed for a decisive bullish push. Until stronger demand emerges, Bitcoin’s recovery is likely to be limited to technical bounces rather than sustained rallies.

    Bitcoin Stuck In Neutral-Bearish Base

    According to top analyst Axel Adler, Bitcoin’s current structure remains fragile as both price and derivative flows sit below 50, signaling weakness across critical indicators. Adler emphasizes that while short-term rebounds are possible, the market lacks the conviction required for a sustained uptrend. With taker flows still negative and weak, any recovery from present levels is likely to be a mean-reversion bounce toward $113K, aligning with the Fair Value and mid-30-day range, rather than the beginning of a new bullish phase.

    Bitcoin Integrated Market Index | Source: Axel Adler

    This environment suggests that risk appetite remains absent, leaving the market vulnerable to further tests of lower boundaries. Adler notes that unless flows shift meaningfully, price rallies will likely remain capped and quickly fade as selling pressure reemerges. The nearest bullish setup would require stabilization of flows that could push BTC toward the $113K–$115K region, a technical recovery zone that would ease immediate bearish sentiment but still fall short of confirming a regime shift.

    For a true change in market structure, Adler points to two key thresholds: Flow >55 and Price Index >50. Only when both conditions are met will Bitcoin have the foundation for a stronger, trend-confirming rally. Until then, the market faces an elevated risk of repeated retests of support zones, with traders closely monitoring whether BTC can hold above $110K or slip further into correction territory.

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    BTC Holding the Line Above $110K

    Bitcoin continues to consolidate around the $110K–$111K zone, showing resilience after weeks of sharp selling pressure. The chart highlights how BTC has bounced from recent lows near $108K but still struggles to reclaim higher momentum. The 50-day moving average now acts as resistance, capping the upside attempts and reflecting waning bullish strength.

    BTC consolidates around key levels | Source: BTCUSDT chart on TradingView
    BTC consolidates around key levels | Source: BTCUSDT chart on TradingView

    Despite the pullback from the $123K all-time high, the structure remains intact above the 200-day moving average near $101K, which has consistently served as a long-term support. The current price action shows a market caught in balance: bulls are defending demand, but bears maintain pressure as rallies face rejection around the $112K level.

    Related Reading

    The flat trajectory of the 100-day moving average reinforces the consolidation phase, suggesting that a decisive breakout is needed to confirm direction. If Bitcoin closes above $113K in the short term, it could set up a retest of $118K, the mid-range level that has acted as both support and resistance.

    Failure to hold the $110K level could expose BTC to repeated tests of $108K and, ultimately, the psychological $105K zone. For now, Bitcoin’s fate hinges on whether buyers can stabilize flows and absorb ongoing selling pressure.

    Featured image from Dall-E, chart from TradingView

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    Sebastian Villafuerte

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